{"id":26,"date":"2023-02-23T08:33:35","date_gmt":"2023-02-23T14:33:35","guid":{"rendered":"https:\/\/enjoyingthisjourney.com\/?page_id=26"},"modified":"2023-02-23T09:50:39","modified_gmt":"2023-02-23T15:50:39","slug":"news-on-the-economy","status":"publish","type":"page","link":"https:\/\/enjoyingthisjourney.com\/","title":{"rendered":"News on the Economy"},"content":{"rendered":"<div class=\"fhd cfhd\">\r\n                        <div class=\"fhdl\"><\/div>\r\n                    <div id=\"ez-toc-container\" class=\"ez-toc-v2_0_45_2 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-65f4c988e35fd\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-65f4c988e35fd\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/enjoyingthisjourney.com\/#Economy_News\" title=\"\r\n                        Economy News\r\n                    \">\r\n                        Economy News\r\n                    <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/enjoyingthisjourney.com\/#Recent_Posts\" title=\"Recent Posts\">Recent Posts<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/enjoyingthisjourney.com\/#House_of_Representatives_Passes_Debt_Ceiling_Bill_with_Spending_Cuts_and_Work_Requirements_for_Food_Stamps\" title=\"House of Representatives Passes Debt Ceiling Bill with Spending Cuts and Work Requirements for Food Stamps\">House of Representatives Passes Debt Ceiling Bill with Spending Cuts and Work Requirements for Food Stamps<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/enjoyingthisjourney.com\/#Chinas_PMI_falls_to_5-month_low_raising_concerns_over_post-pandemic_recovery\" title=\"China's PMI falls to 5-month low, raising concerns over post-pandemic recovery\">China's PMI falls to 5-month low, raising concerns over post-pandemic recovery<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/enjoyingthisjourney.com\/#Biden_and_McCarthy_Reach_Deal_to_Raise_Debt_Ceiling_and_Avoid_Default\" title=\"Biden and McCarthy Reach Deal to Raise Debt Ceiling and Avoid Default\">Biden and McCarthy Reach Deal to Raise Debt Ceiling and Avoid Default<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/enjoyingthisjourney.com\/#President_Biden_and_House_Speaker_Kevin_McCarthy_have_reached_an_agreement_in_principle_to_raise_the%E2%80%A6\" title=\"President Biden and House Speaker Kevin McCarthy have reached an agreement in principle to raise the&#8230;\">President Biden and House Speaker Kevin McCarthy have reached an agreement in principle to raise the&#8230;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/enjoyingthisjourney.com\/#The_Looming_Deadline_What_Could_Happen_if_the_US_Fails_to_Raise_the_Debt_Ceiling_by_June_5th\" title=\"The Looming Deadline: What Could Happen if the US Fails to Raise the Debt Ceiling by June 5th?\">The Looming Deadline: What Could Happen if the US Fails to Raise the Debt Ceiling by June 5th?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/enjoyingthisjourney.com\/#The_Looming_US_Debt_Ceiling_Crisis_Negotiations_Consequences_and_Potential_Outcomes\" title=\"The Looming US Debt Ceiling Crisis: Negotiations, Consequences, and Potential Outcomes\">The Looming US Debt Ceiling Crisis: Negotiations, Consequences, and Potential Outcomes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/enjoyingthisjourney.com\/#Fitch_Places_US_AAA_Credit_Rating_on_Negative_Watch_Amid_Debt_Ceiling_Impasse\" title=\"Fitch Places US &#8220;AAA&#8221; Credit Rating on Negative Watch Amid Debt Ceiling Impasse\">Fitch Places US &#8220;AAA&#8221; Credit Rating on Negative Watch Amid Debt Ceiling Impasse<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/enjoyingthisjourney.com\/#The_US_Debt_Ceiling_Crisis_Will_Biden_Invoke_the_14th_Amendment\" title=\"The US Debt Ceiling Crisis: Will Biden Invoke the 14th Amendment?\">The US Debt Ceiling Crisis: Will Biden Invoke the 14th Amendment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"fhdt\"><span class=\"ez-toc-section\" id=\"Economy_News\"><\/span>\r\n                        Economy News\r\n                    <span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n                    <div class=\"fhdl\"><\/div>\r\n                <\/div>\n<div class='scbg clearfix'><h3><span class=\"ez-toc-section\" id=\"Recent_Posts\"><\/span>Recent Posts<span class=\"ez-toc-section-end\"><\/span><\/h3><div class='scc left'><a  href='https:\/\/enjoyingthisjourney.com\/house-of-representatives-passes-debt-ceiling-bill-with-spending-cuts-and-work-requirements-for-food-stamps\/'><div class='rimc' style='background-image: url(\"https:\/\/enjoyingthisjourney.com\/wp-content\/uploads\/2023\/05\/tempiGBDAy-300x199.png\");'><\/div><h4><span class=\"ez-toc-section\" id=\"House_of_Representatives_Passes_Debt_Ceiling_Bill_with_Spending_Cuts_and_Work_Requirements_for_Food_Stamps\"><\/span>House of Representatives Passes Debt Ceiling Bill with Spending Cuts and Work Requirements for Food Stamps<span class=\"ez-toc-section-end\"><\/span><\/h4><\/a><div class='bgin text-truncate'><p>The House of Representatives has passed a bill to raise the United States' debt ceiling while also cutting some government spending over the next two years.0. \"Debt ceiling deal: US House overwhelmingly passes bill\" BBC, 1 Jun. 2023, https:\/\/www.bbc.com\/news\/world-us-canada-657716691. \"Debt ceiling deal passes the House as US moves closer to preventing historic default\" ABC New [...]<\/p><\/div><a class='rmc' href='https:\/\/enjoyingthisjourney.com\/house-of-representatives-passes-debt-ceiling-bill-with-spending-cuts-and-work-requirements-for-food-stamps\/'>Continue reading&raquo;<\/a><\/div><div class='scc left'><a  href='https:\/\/enjoyingthisjourney.com\/chinas-pmi-falls-to-5-month-low-raising-concerns-over-post-pandemic-recovery\/'><div class='rimc' style='background-image: url(\"https:\/\/enjoyingthisjourney.com\/wp-content\/uploads\/2023\/05\/tempJeuf9g-300x199.png\");'><\/div><h4><span class=\"ez-toc-section\" id=\"Chinas_PMI_falls_to_5-month_low_raising_concerns_over_post-pandemic_recovery\"><\/span>China's PMI falls to 5-month low, raising concerns over post-pandemic recovery<span class=\"ez-toc-section-end\"><\/span><\/h4><\/a><div class='bgin text-truncate'><p>China's official Manufacturing Purchasing Managers' Index (PMI) fell to 48.8 in May, its lowest in five months and below market expectations of 49.4.0. \"China's factory production hits lowest level since the end of zero-Covid policy\" Channel3000.com - WISC-TV3, 31 May. 2023, https:\/\/www.channel3000.com\/news\/money\/china-s-factory-production-hits-lowest-level-since-the-end-of-zer [...]<\/p><\/div><a class='rmc' href='https:\/\/enjoyingthisjourney.com\/chinas-pmi-falls-to-5-month-low-raising-concerns-over-post-pandemic-recovery\/'>Continue reading&raquo;<\/a><\/div><div class='scc left'><a  href='https:\/\/enjoyingthisjourney.com\/biden-and-mccarthy-reach-deal-to-raise-debt-ceiling-and-avoid-default\/'><div class='rimc' style='background-image: url(\"https:\/\/enjoyingthisjourney.com\/wp-content\/uploads\/2023\/05\/temppw6zp4-300x199.png\");'><\/div><h4><span class=\"ez-toc-section\" id=\"Biden_and_McCarthy_Reach_Deal_to_Raise_Debt_Ceiling_and_Avoid_Default\"><\/span>Biden and McCarthy Reach Deal to Raise Debt Ceiling and Avoid Default<span class=\"ez-toc-section-end\"><\/span><\/h4><\/a><div class='bgin text-truncate'><p>After months of stalemate, President Joe Biden and House Speaker Kevin McCarthy reached a deal to raise the debt ceiling and avoid a potentially catastrophic government default.Overall, the deal is a modest compromise that includes some spending cuts and new work requirements, but avoids the potential for a catastrophic economic crisis. It remains to be seen how the use of the  [...]<\/p><\/div><a class='rmc' href='https:\/\/enjoyingthisjourney.com\/biden-and-mccarthy-reach-deal-to-raise-debt-ceiling-and-avoid-default\/'>Continue reading&raquo;<\/a><\/div><div class='scc left'><a  href='https:\/\/enjoyingthisjourney.com\/president-biden-and-house-speaker-kevin-mccarthy-have-reached-an-agreement-in-principle-to-raise-the\/'><div class='rimc' style='background-image: url(\"https:\/\/enjoyingthisjourney.com\/wp-content\/uploads\/2023\/05\/temp2KQzmG-300x199.png\");'><\/div><h4><span class=\"ez-toc-section\" id=\"President_Biden_and_House_Speaker_Kevin_McCarthy_have_reached_an_agreement_in_principle_to_raise_the%E2%80%A6\"><\/span>President Biden and House Speaker Kevin McCarthy have reached an agreement in principle to raise the&#8230;<span class=\"ez-toc-section-end\"><\/span><\/h4><\/a><div class='bgin text-truncate'><p>President Biden and House Speaker Kevin McCarthy have reached an agreement in principle to raise the nation's debt ceiling and avoid a potentially disastrous government default.0. \"McCarthy and Biden's debt ceiling plan faces a big test\" Axios, 28 May. 2023, https:\/\/www.axios.com\/2023\/05\/28\/mccarthy-biden-big-debt-ceiling-test1. \"Here's What's in the McCarthy-Biden Deal on the  [...]<\/p><\/div><a class='rmc' href='https:\/\/enjoyingthisjourney.com\/president-biden-and-house-speaker-kevin-mccarthy-have-reached-an-agreement-in-principle-to-raise-the\/'>Continue reading&raquo;<\/a><\/div><div class='scc left'><a  href='https:\/\/enjoyingthisjourney.com\/the-looming-deadline-what-could-happen-if-the-us-fails-to-raise-the-debt-ceiling-by-june-5th\/'><div class='rimc' style='background-image: url(\"https:\/\/enjoyingthisjourney.com\/wp-content\/uploads\/2023\/05\/tempeYSjEj-300x199.png\");'><\/div><h4><span class=\"ez-toc-section\" id=\"The_Looming_Deadline_What_Could_Happen_if_the_US_Fails_to_Raise_the_Debt_Ceiling_by_June_5th\"><\/span>The Looming Deadline: What Could Happen if the US Fails to Raise the Debt Ceiling by June 5th?<span class=\"ez-toc-section-end\"><\/span><\/h4><\/a><div class='bgin text-truncate'><p>The United States is facing a looming deadline of June 5 to raise the debt ceiling, and failure to do so could lead to catastrophic consequences for the economy. If the debt ceiling is not raised, the U.S. government will not have the legal authority to pay for spending it has already committed to, such as Medicare and Social Security payments.0. \"What\u2019s The Deal With The Fig [...]<\/p><\/div><a class='rmc' href='https:\/\/enjoyingthisjourney.com\/the-looming-deadline-what-could-happen-if-the-us-fails-to-raise-the-debt-ceiling-by-june-5th\/'>Continue reading&raquo;<\/a><\/div><div class='scc left'><a  href='https:\/\/enjoyingthisjourney.com\/the-looming-us-debt-ceiling-crisis-negotiations-consequences-and-potential-outcomes\/'><div class='rimc' style='background-image: url(\"https:\/\/enjoyingthisjourney.com\/wp-content\/uploads\/2023\/05\/tempnKmo4z-300x199.png\");'><\/div><h4><span class=\"ez-toc-section\" id=\"The_Looming_US_Debt_Ceiling_Crisis_Negotiations_Consequences_and_Potential_Outcomes\"><\/span>The Looming US Debt Ceiling Crisis: Negotiations, Consequences, and Potential Outcomes<span class=\"ez-toc-section-end\"><\/span><\/h4><\/a><div class='bgin text-truncate'><p>The United States is facing a looming crisis as the deadline to raise the debt ceiling approaches. Negotiations between the White House and Republican lawmakers are ongoing, with both sides seeking to strike a deal that would stave off a catastrophic default. However, the talks have been contentious, with Republicans demanding spending cuts in exchange for their support for rai [...]<\/p><\/div><a class='rmc' href='https:\/\/enjoyingthisjourney.com\/the-looming-us-debt-ceiling-crisis-negotiations-consequences-and-potential-outcomes\/'>Continue reading&raquo;<\/a><\/div><div class='scc left'><a  href='https:\/\/enjoyingthisjourney.com\/fitch-places-us-aaa-credit-rating-on-negative-watch-amid-debt-ceiling-impasse\/'><div class='rimc' style='background-image: url(\"https:\/\/enjoyingthisjourney.com\/wp-content\/uploads\/2023\/05\/temp8L92Wl-300x199.png\");'><\/div><h4><span class=\"ez-toc-section\" id=\"Fitch_Places_US_AAA_Credit_Rating_on_Negative_Watch_Amid_Debt_Ceiling_Impasse\"><\/span>Fitch Places US &#8220;AAA&#8221; Credit Rating on Negative Watch Amid Debt Ceiling Impasse<span class=\"ez-toc-section-end\"><\/span><\/h4><\/a><div class='bgin text-truncate'><p>Fitch, one of the top three credit rating agencies along with Moody\u2019s and S&P, has placed the US \u201cAAA\u201d on \u201crating watch negative,\u201d signalling that it could downgrade US debt if lawmakers do not agree on a bill that raises US Treasury\u2019s debt limit.In conclusion, the US is in danger of losing Fitch Ratings' top sovereign debt status due to \"increased political par [...]<\/p><\/div><a class='rmc' href='https:\/\/enjoyingthisjourney.com\/fitch-places-us-aaa-credit-rating-on-negative-watch-amid-debt-ceiling-impasse\/'>Continue reading&raquo;<\/a><\/div><div class='scc left'><a  href='https:\/\/enjoyingthisjourney.com\/the-us-debt-ceiling-crisis-will-biden-invoke-the-14th-amendment\/'><div class='rimc' style='background-image: url(\"https:\/\/enjoyingthisjourney.com\/wp-content\/uploads\/2023\/05\/tempkz7dOk-300x199.png\");'><\/div><h4><span class=\"ez-toc-section\" id=\"The_US_Debt_Ceiling_Crisis_Will_Biden_Invoke_the_14th_Amendment\"><\/span>The US Debt Ceiling Crisis: Will Biden Invoke the 14th Amendment?<span class=\"ez-toc-section-end\"><\/span><\/h4><\/a><div class='bgin text-truncate'><p>As the US approaches its debt limit deadline, some Democrats have urged President Biden to consider using the 14th Amendment to circumvent the debt ceiling by declaring it unconstitutional. The 14th Amendment states, \u201cThe validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressi [...]<\/p><\/div><a class='rmc' href='https:\/\/enjoyingthisjourney.com\/the-us-debt-ceiling-crisis-will-biden-invoke-the-14th-amendment\/'>Continue reading&raquo;<\/a><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/enjoyingthisjourney.com\/wp-json\/wp\/v2\/pages\/26"}],"collection":[{"href":"https:\/\/enjoyingthisjourney.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enjoyingthisjourney.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enjoyingthisjourney.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enjoyingthisjourney.com\/wp-json\/wp\/v2\/comments?post=26"}],"version-history":[{"count":2,"href":"https:\/\/enjoyingthisjourney.com\/wp-json\/wp\/v2\/pages\/26\/revisions"}],"predecessor-version":[{"id":28,"href":"https:\/\/enjoyingthisjourney.com\/wp-json\/wp\/v2\/pages\/26\/revisions\/28"}],"wp:attachment":[{"href":"https:\/\/enjoyingthisjourney.com\/wp-json\/wp\/v2\/media?parent=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}